NEW YORK - Investors betting on industrial stocks this year have been rewarded, with the group among the best-performing sectors so far, but that strength will be tested in the coming weeks as companies report results.
The S&P 500 industrials index is up more than 19% for the year so far, compared with a roughly 15% gain in the S&P 500. “Industrials and tech have been two of the sectors that have called out the risks from trade frequently on earnings calls,” said Jill Carey Hall, equity and quant strategist at Bank of America-Merrill Lynch.
Wall Street analysts have been trying to gauge the financial hit to Boeing since the March deadly plane crash in Ethiopia.
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